Last visit was: 19 Nov 2025, 15:13 It is currently 19 Nov 2025, 15:13
Home
GMAT
Messages
Tests
Schools
Events
Rewards
Chat
My Profile
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
avatar
rashidmanzar
avatar
Joined: 23 Sep 2011
Last visit: 23 May 2014
Posts: 57
Own Kudos:
11
Given Kudos: 12
Location: United Kingdom
Schools: McCombs '14 (D) Kenan-Flagler '14 (M) Tepper '14 (WL) Kelley '14 (A) Ross '14 (WL)
GMAT 1: 720 Q50 V38
Schools: McCombs '14 (D) Kenan-Flagler '14 (M) Tepper '14 (WL) Kelley '14 (A) Ross '14 (WL)
GMAT 1: 720 Q50 V38
Posts: 57
Kudos: 11
Ross 2012 - Calling All Applicants 04 May 2012, 08:35
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Please cehck this link below
https://www.bus.umich.edu/admissions/fin ... gnLoan.htm
It says that the fall 2012 batch international students have an option for non-co-signer loan.
If Ross also doesn't give non-cosigner loans, then i am in big trouble. I am admitted at McCombs but I do not have a cosigner and cannot join because of the non-cosigner thing. Hence, waiting for Ross decision.[/quote]

I am really sorry to inform this but if you visit the link you can see that loan option is for continuing students.
That means students from batch of 2011 who would be completing their MBA in 2013 and have to pay their
2nd year fees for fall 2012.
avatar
tejachebrole7
avatar
Joined: 16 Nov 2011
Last visit: 12 Jun 2013
Posts: 26
Own Kudos:
5
Location: India
GMAT 1: 740 Q51 V40
GPA: 3
WE:Corporate Finance (Commercial Banking)
GMAT 1: 740 Q51 V40
Posts: 26
Kudos: 5
Ross 2012 - Calling All Applicants 04 May 2012, 08:52
Kudos
Add Kudos
Bookmarks
Bookmark this Post
ya, but the website (read the first sentence) says students admitted before winter 2012. so that should include fall 2012 students right..
avatar
rashidmanzar
avatar
Joined: 23 Sep 2011
Last visit: 23 May 2014
Posts: 57
Own Kudos:
11
Given Kudos: 12
Location: United Kingdom
Schools: McCombs '14 (D) Kenan-Flagler '14 (M) Tepper '14 (WL) Kelley '14 (A) Ross '14 (WL)
GMAT 1: 720 Q50 V38
Schools: McCombs '14 (D) Kenan-Flagler '14 (M) Tepper '14 (WL) Kelley '14 (A) Ross '14 (WL)
GMAT 1: 720 Q50 V38
Posts: 57
Kudos: 11
Ross 2012 - Calling All Applicants 04 May 2012, 09:13
Kudos
Add Kudos
Bookmarks
Bookmark this Post
tejachebrole7
ya, but the website (read the first sentence) says students admitted before winter 2012. so that should include fall 2012 students right..
Show more
hmm, thanks for pointing that out.
Now we both are in doubt :?
Better option would be to contact the adcom.
User avatar
topMBA12
User avatar
Joined: 19 Jan 2011
Last visit: 02 Jan 2014
Posts: 133
Own Kudos:
17
Given Kudos: 19
Schools: Michigan (Ross) - Class of 2014
GMAT 1: 760 Q50 V42
GPA: 3.5
Schools: Michigan (Ross) - Class of 2014
GMAT 1: 760 Q50 V42
Posts: 133
Kudos: 17
Ross 2012 - Calling All Applicants 04 May 2012, 09:19
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I had called the umich credit union a couple of days ago to ask about this and was told that there is no option for a loan for internationals, even with a consigner. I understand that the website is worded a little oddly and seems to give the impression that there is a non-cosigner loan, but as of now, I don't think we have that option. Maybe the adcom can clear this up if someone wants to call..

Posted from my mobile device
User avatar
afyl128
User avatar
Joined: 30 Mar 2010
Last visit: 13 Nov 2013
Posts: 74
Own Kudos:
648
Given Kudos: 5
Schools: Booth '14 (D) Johnson '14 (A) Ross '14 (A) Kellogg '14 (WL) Anderson '14 (I)
GMAT 1: 730 Q48 V42
Schools: Booth '14 (D) Johnson '14 (A) Ross '14 (A) Kellogg '14 (WL) Anderson '14 (I)
GMAT 1: 730 Q48 V42
Posts: 74
Kudos: 648
Ross 2012 - Calling All Applicants 04 May 2012, 10:22
Kudos
Add Kudos
Bookmarks
Bookmark this Post
topMBA12
I had called the umich credit union a couple of days ago to ask about this and was told that there is no option for a loan for internationals, even with a consigner. I understand that the website is worded a little oddly and seems to give the impression that there is a non-cosigner loan, but as of now, I don't think we have that option. Maybe the adcom can clear this up if someone wants to call..

Posted from my mobile device
Show more

A friend of mine and fellow International admit called financial aid, and they told him they were sympathetic to his plight but there was definitely no no-consigner option available.
avatar
joshmba2011
avatar
Joined: 19 Jan 2011
Last visit: 26 Jun 2012
Posts: 21
Own Kudos:
7
Given Kudos: 3
Location: United States (MI)
Concentration: Operations, General Management
Schools: Tepper '14 (A$) Ross '14 (WL) Fuqua '14 (D)
GMAT 1: 710 Q49 V38
GPA: 3.9
WE:Engineering (Transportation)
Schools: Tepper '14 (A$) Ross '14 (WL) Fuqua '14 (D)
GMAT 1: 710 Q49 V38
Posts: 21
Kudos: 7
Ross 2012 - Calling All Applicants 04 May 2012, 11:18
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rashidmanzar
tejachebrole7
ya, but the website (read the first sentence) says students admitted before winter 2012. so that should include fall 2012 students right..
hmm, thanks for pointing that out.
Now we both are in doubt :?
Better option would be to contact the adcom.
Show more

I'm pretty sure "Winter 2012" refers to Jan - Mar of 2012. So you would have had to been admitted before Jan 2012 in order to get the non-cosignor loan. Poor wording on their part.

Josh
avatar
slumdog1000000
avatar
Joined: 05 Dec 2011
Last visit: 20 Jan 2013
Posts: 49
Own Kudos:
22
Given Kudos: 4
Posts: 49
Kudos: 22
Ross 2012 - Calling All Applicants 05 May 2012, 01:03
Kudos
Add Kudos
Bookmarks
Bookmark this Post
tejachebrole7
ya, but the website (read the first sentence) says students admitted before winter 2012. so that should include fall 2012 students right..
Show more

Ross has terminated the no co-signer loan program for incoming International Students and they have no plans to introduce a similar loan option. The school is unable to maintain the program due to many instances of Int'l Students defaulting on their loans (Yes, extremely irresponsible, inconsiderate and unethical bunch of people there). I am sorry to learn that you have been admitted / are likely to be admitted to some great schools but may eventually have to turn down their offers. I know that the Ross Finaid Office is trying to help International Students (or so they claim) by giving out more scholarships this year. That said, with a class size of 500, and the current economic climate, it's unlikely that they will be able to do much unless you are a superstar applicant. I know of some International Students who are unable to attend Ross due to the closure of the no US co-signer loan program. If you are from India, you may however have other financing options. Hope things will work out for you soon! And don't despair even if you are unable to get into Ross/McCombs. These are good b-schools for sure, but there are many other b-schools that are probably a better fit with your current financial situation.

Always remember that an MBA is but only one of the many means to achieve your final goal. You are as great as you want yourself to be :-D
avatar
Attack10
avatar
Joined: 06 Aug 2011
Last visit: 11 May 2012
Posts: 4
Own Kudos:
5
Posts: 4
Kudos: 5
Ross 2012 - Calling All Applicants 09 May 2012, 08:37
Kudos
Add Kudos
Bookmarks
Bookmark this Post
If you are admitted you will get a call and the following mail that clearly says that you there is no Loan.

''
"Given that international students may not receive their packets for a few weeks, we wanted to be sure that you were aware of important funding information in advance. The no-cosigner loan program that has been available to our international students will be discontinued beginning with the incoming class. However, we have compiled information on over 130 third-party loan and scholarship opportunities available for international students (the Student Life tab of iMpact, the Ross intranet, for more information). We continue to search for additional third-party loans and scholarships for international students so that we can maintain the diversity that is so important to our culture. As we identify new funding sources, we will post the new information on iMpact and through the admitted student Google group."'


I am in a similar situation and its end of road for me. Arranging for $150,000 is not easy through any other loan scheme.
avatar
Jock4MBA
avatar
Joined: 14 Nov 2010
Last visit: 27 Jan 2018
Posts: 239
Own Kudos:
18
Given Kudos: 7
Posts: 239
Kudos: 18
Ross 2012 - Calling All Applicants 09 May 2012, 09:28
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I am just curious how internationals can fund MBA without no-cosigner loan. Any Ross admitted internationals here who can really arrange funding at home through third party loans, scholarships or savings? Ross surely does not soften funding blow with more financial aid.

Based on this forum, there seems to be a massive funding shortfall for internationals and some may have to withdraw as a result. Would internationals still apply to Ross next year or choose BSchools with no-cosigner loan?
avatar
Veranna
avatar
Joined: 19 Jun 2011
Last visit: 02 Feb 2014
Posts: 12
Own Kudos:
6
Given Kudos: 3
Location: United States
Concentration: Other, Other
Schools: Ross '14 (WA) Fuqua '14 (A) Darden '14 (M)
GPA: 3.7
Schools: Ross '14 (WA) Fuqua '14 (A) Darden '14 (M)
Posts: 12
Kudos: 6
Ross 2012 - Calling All Applicants 09 May 2012, 10:07
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Jock4MBA
I am just curious how internationals can fund MBA without no-cosigner loan. Any Ross admitted internationals here who can really arrange funding at home through third party loans, scholarships or savings? Ross surely does not soften funding blow with more financial aid.

Based on this forum, there seems to be a massive funding shortfall for internationals and some may have to withdraw as a result. Would internationals still apply to Ross next year or choose BSchools with no-cosigner loan?
Show more

I decided not to interview at Ross and withdrew my application for this very reason. I really liked the school, but it wasn't a financially viable option for me.
Although, there are countries where loan options worth $150k are available. Some overseas banks even offer lower interest rates than the rates (extremely high) of non-cosigner loans from the schools.
avatar
xzeppelin
avatar
Joined: 05 Jul 2011
Last visit: 16 Oct 2012
Posts: 75
Own Kudos:
18
Given Kudos: 4
Status:Celebrating!
Location: China
Concentration: Statistics, Finance
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q50 V42
WE:Research (Consulting)
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q50 V42
Posts: 75
Kudos: 18
Ross 2012 - Calling All Applicants 09 May 2012, 20:58
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Just curious as I have a friend considering Ross. If you default on your loans without good reason (say some horrible medical emergency or something), will Ross retroactively cancel the degree that you earned? Has anyone heard of something like this happening?
User avatar
method
User avatar
Joined: 03 Jun 2010
Last visit: 27 Feb 2021
Posts: 684
Own Kudos:
157
Given Kudos: 249
Status:Go Blue!
Location: United States (MO)
Concentration: Nonprofit, General Management
Schools: Michigan (Ross) - Class of 2015
GRE 1: Q170 V166
GPA: 3.22
WE:Management Consulting (Non-Profit and Government)
Schools: Michigan (Ross) - Class of 2015
GRE 1: Q170 V166
Posts: 684
Kudos: 157
Ross 2012 - Calling All Applicants 10 May 2012, 11:38
Kudos
Add Kudos
Bookmarks
Bookmark this Post
xzeppelin
Just curious as I have a friend considering Ross. If you default on your loans without good reason (say some horrible medical emergency or something), will Ross retroactively cancel the degree that you earned? Has anyone heard of something like this happening?
Show more

If you graduate, your degree cannot be taken away from you for defaulting on a loan. The only reason I can think of is academic dishonesty of some kind that was discovered after the fact.
avatar
imalawyer
avatar
Joined: 17 Dec 2011
Last visit: 23 Mar 2014
Posts: 63
Own Kudos:
12
Given Kudos: 3
Schools: Ross '14 (M)
Schools: Ross '14 (M)
Posts: 63
Kudos: 12
Ross 2012 - Calling All Applicants 10 May 2012, 11:49
Kudos
Add Kudos
Bookmarks
Bookmark this Post
method
xzeppelin
Just curious as I have a friend considering Ross. If you default on your loans without good reason (say some horrible medical emergency or something), will Ross retroactively cancel the degree that you earned? Has anyone heard of something like this happening?

If you graduate, your degree cannot be taken away from you for defaulting on a loan. The only reason I can think of is academic dishonesty of some kind that was discovered after the fact.
Show more
I have no idea how the school would react under those circumstances, but that question is sort of eyebrow-raising. Is your friend planning on defaulting on his/her loans?
avatar
Attack10
avatar
Joined: 06 Aug 2011
Last visit: 11 May 2012
Posts: 4
Own Kudos:
5
Posts: 4
Kudos: 5
Ross 2012 - Calling All Applicants 10 May 2012, 13:16
Kudos
Add Kudos
Bookmarks
Bookmark this Post
imalawyer
method
xzeppelin
Just curious as I have a friend considering Ross. If you default on your loans without good reason (say some horrible medical emergency or something), will Ross retroactively cancel the degree that you earned? Has anyone heard of something like this happening?

If you graduate, your degree cannot be taken away from you for defaulting on a loan. The only reason I can think of is academic dishonesty of some kind that was discovered after the fact.
I have no idea how the school would react under those circumstances, but that question is sort of eyebrow-raising. Is your friend planning on defaulting on his/her loans?
Show more

And are there also any 'good' reasons to default (considering that medical emergency (perhaps even resulting in death) is not)?
avatar
xzeppelin
avatar
Joined: 05 Jul 2011
Last visit: 16 Oct 2012
Posts: 75
Own Kudos:
18
Given Kudos: 4
Status:Celebrating!
Location: China
Concentration: Statistics, Finance
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q50 V42
WE:Research (Consulting)
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q50 V42
Posts: 75
Kudos: 18
Ross 2012 - Calling All Applicants 10 May 2012, 19:27
Kudos
Add Kudos
Bookmarks
Bookmark this Post
imalawyer
method
xzeppelin
Just curious as I have a friend considering Ross. If you default on your loans without good reason (say some horrible medical emergency or something), will Ross retroactively cancel the degree that you earned? Has anyone heard of something like this happening?

If you graduate, your degree cannot be taken away from you for defaulting on a loan. The only reason I can think of is academic dishonesty of some kind that was discovered after the fact.
I have no idea how the school would react under those circumstances, but that question is sort of eyebrow-raising. Is your friend planning on defaulting on his/her loans?
Show more

Haha...well I can see how the question could come off that way with the way I poorly worded it. He is a prospective student so not like he is eligible for loans from Ross anyway, so there's nothing he could feasibly default on. My friend's parents will be his only "loans"...so any default would be a family matter only. I don't think they'll be kicking him out of any Chinese New Year celebrations for "defaulting" on his "loans" though. :lol:

I was just curious because the issue has been talked about a lot among Ross' intn'l applicants, and I know at least one person who turned down the acceptance for that matter only. I was more just curious what recourse, if any, the school had against int'l students that ran away and didn't pay their loans.
avatar
MBAbound12
avatar
Joined: 30 Jun 2011
Last visit: 16 Apr 2013
Posts: 25
Own Kudos:
9
 [1]
Given Kudos: 2
Location: United States
Concentration: Finance, General Management
Schools: CBS '15 (D) HBS '15 (D) Wharton '15 (D) Booth '15 (D) Stern '15 (A$) Tuck '15 (A) Kellogg '15 (A)
GMAT 1: 740 Q50 V41
GPA: 3.65
WE:Consulting (Consulting)
Schools: CBS '15 (D) HBS '15 (D) Wharton '15 (D) Booth '15 (D) Stern '15 (A$) Tuck '15 (A) Kellogg '15 (A)
GMAT 1: 740 Q50 V41
Posts: 25
Kudos: 9
 [1]
Ross 2012 - Calling All Applicants 11 May 2012, 10:24
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Just got the round 3 acceptance call!! Excited to be a part of the Ross Community
avatar
imalawyer
avatar
Joined: 17 Dec 2011
Last visit: 23 Mar 2014
Posts: 63
Own Kudos:
12
Given Kudos: 3
Schools: Ross '14 (M)
Schools: Ross '14 (M)
Posts: 63
Kudos: 12
Ross 2012 - Calling All Applicants 11 May 2012, 10:29
Kudos
Add Kudos
Bookmarks
Bookmark this Post
MBAbound12
Just got the round 3 acceptance call!! Excited to be a part of the Ross Community
Show more
Congrats! I didn't realize that R3 calls were starting today. Good look to everyone who's waiting!
avatar
MBAbound12
avatar
Joined: 30 Jun 2011
Last visit: 16 Apr 2013
Posts: 25
Own Kudos:
9
Given Kudos: 2
Location: United States
Concentration: Finance, General Management
Schools: CBS '15 (D) HBS '15 (D) Wharton '15 (D) Booth '15 (D) Stern '15 (A$) Tuck '15 (A) Kellogg '15 (A)
GMAT 1: 740 Q50 V41
GPA: 3.65
WE:Consulting (Consulting)
Schools: CBS '15 (D) HBS '15 (D) Wharton '15 (D) Booth '15 (D) Stern '15 (A$) Tuck '15 (A) Kellogg '15 (A)
GMAT 1: 740 Q50 V41
Posts: 25
Kudos: 9
Ross 2012 - Calling All Applicants 11 May 2012, 10:32
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I wasn't expecting it either, but seeing an Ann Arbor area code come up on my phone definitely took the sting off of not receiving a call from Tuck today
User avatar
method
User avatar
Joined: 03 Jun 2010
Last visit: 27 Feb 2021
Posts: 684
Own Kudos:
157
Given Kudos: 249
Status:Go Blue!
Location: United States (MO)
Concentration: Nonprofit, General Management
Schools: Michigan (Ross) - Class of 2015
GRE 1: Q170 V166
GPA: 3.22
WE:Management Consulting (Non-Profit and Government)
Schools: Michigan (Ross) - Class of 2015
GRE 1: Q170 V166
Posts: 684
Kudos: 157
Ross 2012 - Calling All Applicants 11 May 2012, 11:05
Kudos
Add Kudos
Bookmarks
Bookmark this Post
MBAbound12
Just got the round 3 acceptance call!! Excited to be a part of the Ross Community
Show more

Congrats!! :woohoo :woohoo :woohoo
User avatar
rnjbond
User avatar
Joined: 01 Feb 2011
Last visit: 24 Jan 2014
Posts: 32
Own Kudos:
23
Location: United States
Concentration: Finance, Marketing
Schools: Michigan (Ross) - Class of 2014
WE:Investment Banking (Finance: Investment Banking)
Schools: Michigan (Ross) - Class of 2014
Posts: 32
Kudos: 23
Ross 2012 - Calling All Applicants 12 May 2012, 13:05
Kudos
Add Kudos
Bookmarks
Bookmark this Post
YES! I'm in, baby!
   1  ...  79   80   81   82   83  ...  85   
Moderators:
GMATNinja
GMAT Club Verbal Expert
7443 posts
GMATNinjaTwo
GMAT Club Verbal Expert
231 posts